JVC, HLG, HQC announce inside shareholder transactions

Viet Nhat Medical Instrument Joint Stock Company (JVC), Hoang Long Group (HLG) and Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC) announced transaction of inside shareholders as follows:

Le Van Huong, Chairman of JVC, registered to sell 1.8 million shares until December 27 to reduce his ownership ratio to 21.34 percent, or 12.12 million shares. In the first nine months, JVC saw net profit of VND24.1 billion, down 63.6 percent year-on-year.

Pham Phuc Toai, Chairman cum CEO of HLG, registered to buy 1 million shares by December 26 to increase his holdings to 12.11 million shares, or 27.3 percent stake. Earlier, he registered to buy 1 million shares from October 23 to November 22 but failed to buy.

Truong Anh Tuan, Chairman of HQC, registered to sell 10 million shares until December 26 to cut his ownership ratio to 7.18 percent, or 6.45 million shares. If successful, he will collect VND69 billion and will invest the sum of money in a university in Can Tho City whose investor is HQC.

Da Nang Education Development & Investment JSC (DAD) will close the list of shareholders on December 9 to pay dividends for 2013 in cash at a ratio of 17 percent on January 9, 2014. This year, the company set net revenue target at VND125 billion, post-tax profit at VND17 billion, and dividend payout ratio at 17 percent.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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